Admiral Markets Blog | Head and shoulders figure – complete guide

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Price Action is one ofpromising branches of technical analysis inthe basis of which is the methodology for assessing price behavior without the use of indicators. Price Action trading involves making decisions only on the basis of the price movement of a financial instrument. At the same time, price is the only true source of information, and technical indicators are not used. One of the methods of Price Action is the analysis of price patterns.
After watching this video, you will learn:
— Key Features of the Head and Shoulders Pattern
— What does the "head and shoulders" figure really mean and how does it help?make a forecast about the further price behavior.
— What behavior of buyers and sellers is hidden behind the pattern
— Where to look for "Head and shoulders" on the chart and how to use itPattern to enter trades